• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

S&P, Dow futures inch higher ahead of inflation data

September 14, 2021 by David Barret Leave a Comment

September 14, 2021

By Ambar Warrick

(Reuters) – S&P and Dow futures rose on Tuesday as investors favored stocks expected to benefit from an economic recovery this year, although gains were muted in the run-up to consumer price data, which could affect the monetary policy.

The S&P 500 and Dow Jones had snapped five days of losses after a volatile session on Monday, with economically sensitive sectors such as energy and financials supporting the indexes.

Focus now turns to August consumer price data, due at 8:30 A.M. ET (1230 GMT), which is expected to show if a spike in inflation this year is as transitory as the Federal Reserve has posited. A Reuters poll expects the reading to be steady from July.

Investors are concerned that a sustained rise in inflation could push the Fed into tightening policy earlier than signaled, especially after data last week showed a strong rise in August producer prices.

U.S. S&P 500 E-minis were up 5 points, or 0.11%, at 06:15 am ET. Dow E-minis were up 25 points, or 0.07%, while Nasdaq 100 E-minis were up 5 points, or 0.03%.

Focus is also on the possible passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.

A possible hike in corporate taxes comes as yet another uncertainty, along with recent concerns over slowing economic growth due to rising COVID-19 cases.

Market participants now expect a substantial correction in stock markets by the end of the year, with some investors turning bearish on a global economic recovery.

Oil stocks, which were the best performers on Monday, extended gains into premarket trading, as crude prices hit a six-week high on expectations of more supply disruptions due to a hurricane in the Gulf Coast.

Major technology stocks, which had lagged their broader peers in the previous session, were muted in premarket trade. U.S.-listed Chinese firms fell as investors remained wary of regulatory shocks from Beijing.

(Reporting by Ambar Warrick in Bengaluru; Editing by Arun Koyyur)

Source Link S&P, Dow futures inch higher ahead of inflation data

David Barret
David Barret

Related posts:

  1. Singapore Exchange launches SPAC rules after easing some proposals
  2. Republican Cheney named as vice chair of U.S. House panel investigating Jan. 6 attack
  3. Point raises $46.5 million for its premium debit card
  4. EU ruling on euro clearing to take months, financial chief says

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Alien Abduction Or A Trick Of The Mind? A Down To Earth Explanation Of Close Encounters
  • Six Months Into Trump’s Presidency, Americans Report Record Low Pride In Being American
  • TikToker Unknowingly Handles Extremely Venomous Cone Snail And Lives To Tell The Tale
  • Scientists Sequence Oldest Egyptian DNA To Date, From A Whopping 4,800 Years Ago
  • “Uncharted Waters”: Large Hadron Collider Begins Colliding Oxygen For The First Time
  • 125,000-Year-Old Neanderthal “Fat Factory” Shows They Gorged On Bone Grease
  • On July 3, Earth Will Reach Its Farthest Point From The Sun – 152 Million Kilometers Away
  • NASA’s Perseverance Rover May Have Recorded Evidence Of Electrified Dust Devils On Mars
  • “Hymn to Babylon”: Missing Mesopotamian Text Dating Back Nearly 3,000 Years Discovered
  • Multiple New Species Of Cute Spotty And Stripy Geckos Discovered In Remote Cambodia
  • ChatGPT May Be Surprisingly Good At Piloting Spacecraft, Taking 2nd Place In Spaceflight Competition
  • Incredible Supernova Finding Shows That “Double-Detonation Mechanism” Happens In Nature
  • Soda Cans, Asthma Inhalers, And… Water Bottles? All Things That Could Explode In Your Car This Summer
  • Video: Is There An Ideal Sleeping Position?
  • If You Look Up At The Right Time Today, You Will See A Giant “X” On The Moon
  • We May Have Our Third Interstellar Visitor And It’s Nothing Like The Previous Two
  • Orcas Filmed Kissing (With Tongues) In The Wild For The First Time
  • How Easy Is It For A Country To Change Its Time Zone?
  • Earth’s First Commercial Space Station Set To Launch In 2026
  • Black Hole Moon: Rogue Planets With Weird Signatures Could Be A Sign Of Advanced Alien Life
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version